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Wheat price approaches the first target – Analysis - 18-03-2021
Wheat price keeps declining to approach the first waited target at 629.40, and we suggest the continuation of the negative pressure to break this level and open the way to head towards our next target that reaches 614.60.
Therefore, the bearish bias will remain dominant in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that holding below 644.20 is important to achieve the suggested targets.
The expected trading range for today is between 620.00 support and 640.00 resistance.
The expected trend for today: Bearish
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Sugar price tests the support – Analysis - 18-03-2021
Sugar price traded negatively yesterday to test the key support 15.85, which represent one of the next trend keys besides 16.20, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
MoreSoybean price within tight track – Analysis - 18-03-2021
Soybean price did not show any strong move in the previous sessions, to remain stable below the broken support of the bullish channel, thus, no change to our bearish overview that depends on the price stability below 1425.00, reminding you that our first target is located at 1373.00.
MoreCorn price keeps its positive stability – Analysis - 18-03-2021
Corn price keeps its stability above the breached resistance of the symmetrical triangle, settling around 550.00 level, thus, our bullish overview will remain valid for the upcoming period, waiting to get positive motive that assist to push the price to resume the positive trades that target 570.40 level, reminding you that it is important to hold above 540.00 and 530.00 levels to continue the expected rise.
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